WASHINGTON (MarketWatch)
Treasury Secretary Timothy Geithner said the economy
has slowed down and Congress is blocking needed support
In an interview on
CNBC, Geithner noted that most economists are not predicting a recession But he
said the economy needs "a very substantial, well-designed program of support of
economic growth" that should be tied to a long-term fiscal reform program
"The
main thing that stands in the way of a stronger recovery is that Congress should
act" on this package, Geithner said
While Washington is hard to read and mostly
"evokes despair" at the moment, there is work underway behind-the-scenes to lay
foundation for a long-term fiscal deal, he said
Geithner said Europe was a more
severe risk to the recovery because it is outside control of U.S. policymakers
He said European leaders needed to take more action to defuse the debt crisis
Geithner defended his actions regarding manipulation of the Libor interest rate
He said that he brought the issue to the attention of U.S. regulators, which led
to the case against British bank Barclays
Formación Académica y Profesional
Matemáticas Fundamentales por UCM, MBA Executive, MBA Financial Markets, PME Certified
IT CIO , Client Executive, Grupo Santander, IBM Global Services , Electronic Data System
Matemáticas Fundamentales por UCM, MBA Executive, MBA Financial Markets, PME Certified
IT CIO , Client Executive, Grupo Santander, IBM Global Services , Electronic Data System

Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.

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viernes, 20 de julio de 2012
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